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Asking Price$475,000
Revenue$1,241,941 Established2010
Cash FlowUndisclosed Employees11 full, 9 part
FF&E$20,000 FranchiseNo
Inventory$8,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
A very profitable Asian restaurant in a very desirable Seattle neighborhood. This restaurant is established and fully equipped. Seller has done all the hard building and establishing loyal lunch and dinner crowds. This restaurant is doing well over a million dollars annually. So yes this is considered a turnkey restaurant in the truest sense of the term. New owner just needs solid recipes, and know how to treat customers and he to can reap the benefits of this great location and build up. Another great thing about this location is even though this is a high traffic area with cars, people walking and offices galore there is very limited food options in the immediate area. Large open floor plan (over 5,000 SQ FT) opens the possibilities to even topping the annual sales here of $1,200,000.. Lots of ways to expand on an already profitable business. The most obvious way is the current owner has his time split between operating several restaurants. So an owner operator who had his complete focus and time on this restaurant on a day to day basis most certainly could raise the profit line. Also with owner here on a day to day basis actively offering catering for all the many offices in the area for their employees and their meetings, what a plus that would make, not only the additional income from the catering but also it would get your good name and good food more exposure in the area. Currently only lunch and dinner is served, no breakfast and even the dinner schedule during the week closes at 9 PM. So here is a few more ideas to think about when exploring the possibilities of increasing the profits. This restaurant already has a full bar in place, over 5,000 square feet, seats about 220 customers. So the space and the tools are in place if new owner wants to extend the night time business here. Could offer live entertainment, karaoke etc.. This restaurant has modern, elegant furnishings and fixtures that create a classy special atmosphere.  When you have a great location, and the space and the equipment in place it is like a blank canvas for a truly creative entrepreneur. Plus this blank canvas is already doing well over a million dollars in annual sales.  It is very obvious as soon as you walk in the front doors the owner built up a solid restaurant here, not only physically as it is beautiful inside and out. But the food is exceptional and the d├ęcor is several cuts above. This is a very strong cash business. The asking price is very good as seller is motivated to make a win, win deal. Call listing broker for more details or to set up a tour to see for yourself.
Facilities:Lease is assignable and has until 2020 on current lease. Has option to renew. Square Footage is 5,115 sq ft. Spacious open floor plan with full kitchen capable of preparing just about any cuisine. Seats 220 and has a full bar with seating at the bar. 16 reserved parking spaces for customers in a garage and plenty of street parking. This restaurant has modern, elegant furnishings and fixtures definitely several cuts above and make for a dining atmosphere to remember. Monthly lease is $13,300 that is with triple net included. Gross annual sales consistently over $1,200,000. Great big location with limited dining choices close by all make this a solid turnkey investment.
Competition:Lots of ways to expand on an already profitable business. The most obvious way is the current owner has his time split between operating several restaurants. So an owner operator who had his complete focus and time on this restaurant on a day to day basis most certainly could raise the profit line. Also with owner here on a day to day basis actively offering catering for all the many offices in the area for their employees and their meetings, what a plus that would make, not only the additional income from the catering but also it would get your good name and good food more exposure in the area. Currently only lunch and dinner is served, no breakfast and even the dinner schedule during the week closes at 9 PM. So here is a few more ideas to think about when exploring the possibilities of increasing the profits. This restaurant already has a full bar in place, over 5,000 square feet, seats about 220 customers. So the space and the tools are in place if new owner wants to extend the night time business here. Could offer live entertainment, karaoke etc..
Growth Potential:Lots of ways to expand on an already profitable business. The most obvious way is the current owner has his time split between operating several restaurants. So an owner operator who had his complete focus and time on this restaurant on a day to day basis most certainly could raise the profit line. Also with owner here on a day to day basis actively offering catering for all the many offices in the area for their employees and their meetings, what a plus that would make, not only the additional income from the catering but also it would get your good name and good food more exposure in the area. Currently only lunch and dinner is served, no breakfast and even the dinner schedule during the week closes at 9 PM. So here is a few more ideas to think about when exploring the possibilities of increasing the profits. This restaurant already has a full bar in place, over 5,000 square feet, seats about 220 customers. So the space and the tools are in place if new owner wants to extend the night time business here. Could offer live entertainment, karaoke etc..
Training/Support:Two weeks offered but more is negotiable if so desired.
Seller Financing:80% down strictly a case by case basis
Sale Reason:Seller has 2 restaurants & wants to downsize. As both restaurants r growing.
Ad #80611
Seller Reference #dssmolkunion
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Contact This Seller
Coldwell Banker Bain
425-890-9208
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